The turnaround was nothing less than spectacular. SPP, a partnership between Vinik and Cascade Investment, LLC of Kirkland, Washington, is expecting to deliver approximately $3 billion in investment to bring Water Street Tampa to life and reinvent the blocks surrounding AMALIE Arena into a walkable, 24-7 live, work, play and stay wellness district. Embarc formally brings together startup companies, venture capitalists, academic resources, and startup-focused partners in a central physical hub to help open opportunities, inspire iteration, push progress, and put Tampa Bay on the map as a prime destination for diverse startup talent to make an impact. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. Many of the Viniks marital assets, according to the petition, are titled in the names of business entities such as partnerships, limited liability corporations, foundations and trusts. Jeff Vinik bought the Lightning. Were not going to blow it up! We all have one go-round in life, so Im not going to predict what happens five, 10, 15 years from now. Dr Langer is a graduate of Columbia University, and earned an M.D. sport and entertainment management program, USF Health Morsani College of Medicine and Heart Institute, Tampa Mayor Jane Castor isnt on board with defunding the police. Hes just taken it to such a different level. LinkedIn sets the lidc cookie to facilitate data center selection. Dr Dennis Langer has served as a director of both public and private biotechnology, pharmaceutical and diagnostic companies, and has an extensive pharmaceutical company background. From 1992-1996, Jeff ran the Fidelity Magellan Fund, the worlds largest mutual fund at the time, and was twice named Portfolio Manager of the Year, first by Morningstar in 1993 and then by Mutual Fund Magazine in 1995. In executing his plan to bring a world class franchise to life in Tampa Bay, Vinik has invested more than $100 million in private funding into the publicly owned AMALIE Arena to create a guest-first facility recognized as one of the finest in the NHL. For all other types of cookies we need your permission. And when Tampa a couple years ago had the greatest team, most points and they played in the first round against Columbus, and they got swept, everyone said the goaltenders not going to be good, change the coach, blow it up. You will be hard-pressed to find anyone who is not happy for the 61-year-olds first Cup victory (save the 30 other NHL owners). The Official Site of the Tampa Bay Lightning. Together, they have been one of the areas leading philanthropic families. I dont think thats happened in the history of organized sports, laughs Tod Leiweke, who Vinik hired to be CEO months after buying the team. Whitepages people search is the most trusted directory. In September 2017, the University of South Florida's Muma College of Business renamed its dual-degree sport-focused graduate program the Vinik Sport and Entertainment Program, a result of Jeff and Penny's support of the University and this field of study. The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Then his influence spread over Tampa Bay. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. He beat the S&P 500 Index for almost Koules and Barrie bought the team in 2008, but Barrie ran into legal problems, was not getting along with Koules and the two didnt have the means to make it work long-term as owners during a turbulent time in the economy. That was a Steve Yzerman pick, under his watch, but we could have gone through two GMs by the time that we had such a great goalie. The Beach came to AMALIE Arena in 2016 and featured 1.2 million translucent white balls, creating an indoor beach for nearly 100,000 patrons. We extended the abatement another two months this week, Jeff Vinik told the Times in September. Vinik laughs at the notion that it was a difficult decision to not blow things up. Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. We are reconciling very well, and I am extremely optimistic that we will have a positive resolution to some of the challenges that weve had.. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. Art of the Brick, the first exhibit to focus exclusively on the use of LEGO bricks as an art medium, was brought to downtown Tampa in 2017. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. He is on the board of Sofie Biosciences. I got to Florida and it felt like we were in a mild depression. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. He sunk $40 million of his own money into a county-owned arena with no recourse. Facebook; Twitter; Facebook Messenger; Pinterest; Email; print; TAMPA, Fla. -- The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.. More recently, Vinik purchased local newspaper ads, radio ads, and billboards to promote resources available for local residents affected by unemployment, small business struggles and food shortages due to COVID-19. They established the Lightning Community Hero program in 2011 to provide funding and recognition for those improving the lives of individuals most in need. The agreement grants TBEP the exclusive rights to all commercial multimedia sports marketing, sponsorship, and respective inventory possessed by USF Athletics. It wouldve been very logical to buy the Panthers, or to try to, says Vinik, who had a home in Boca Raton, Fla., at the time. Sperling and Vinik became fast friends and Sperling agreed to help guide Vinik through the process. WebAbout. One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. Jeff graduated from Duke University and earned his MBA from Harvard Business School. Ian champions many charitable organizations with emphasis on providing support for education and the environment. So I choose to let it run, let the people do their job. We'll assume you're ok with this, but you can opt-out if you wish. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. NHL owners are competitive by nature and dont make a habit of raving about each other, especially those who are monopolizing Stanley Cup Final appearances. But Viniks cohorts have grown to respect his humility, his wit, his brain, his ability to hire talented people and his acts of kindness, which are legendary in Tampa. Get in touch with us and send some basic info about your project. But win or lose, it wont change how Vinik is viewed. at Georgetown University School of Medicine and a J.D. And again, thats scary, but it was also opportunity to bring in people that bring their A games every day. In addition, Jeff manages various family investments, oversees the Vinik Family Foundation with his wife, Penny, and is part owner, with Cascade Investment, of Strategic Property Partners, a real estate entity undertaking a $3 billion mixed use development project to revitalize downtown Tampa. Jeff having confidence in his organization, we can use that. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. The petition to dissolve the marriage of 33 years was filed this week in Hillsborough County. Hes an unbelievable owner. The case was withdrawn by Penny Vinik, who in June filed a petition to dissolve her marriage to 61-year-old Jeff Vinik, the Tampa Bay Lightning owner and Water Street Tampa project developer. Thats really dire. Twelve years ago, shortly after Vinik purchased the team from Hollywood television and movie producer Oren Koules and former NHL player Len Barrie, Vinik, Leiweke, Griggs and then-chief financial officer Martha Fuller sat in the stands to watch a game in Section 312. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. Related: Jeff Vinik, Lightnings Extraordinary Owner. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. Jeffrey Vinik May 3, 2014 Chairman, President, and CEO of Vinik Asset Management Graduation Year: 1981 Degree at Duke: Bachelor of Science Major/Program: Civil Engineering Career Highlights: Former manager of the world's largest mutual fund, Fidelity Magellan Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise while pledging to make a significant positive impact in the Tampa Bay community, and he has delivered. Vinik is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. Updated hourly, with analysis, commentary and features from hundreds writers worldwide, our articles are read over 5 million times every month. Contact Eduardo A. Encina at eencina@tampabay.com. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. He is widely considered a model owner sitting on the throne of the NHLs model franchise. Penny Vinik is seeking temporary exclusive use of the couples homes in South Tampa and Chatham, Mass., as well as Porsche sports utility vehicles that she regularly uses at both homes. TAMPA After nearly 33 years of marriage, Jeff and Penny Vinik, one of the Tampa Bay areas leading philanthropic couples, are headed for divorce court. But Vinik and BriseBois didnt do anything rash. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. They needed Steve Yzerman. 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